Royal Oak stakes at Shining Tree
Royal Oak Mines (TSE) has staked 123 claims in the Shining Tree area of northeastern Ontario following Fort Knox Gold Resources’ (TSE) discovery of ore-grade nickel and copper mineralization on its pr…
Articles by Northern Miner Staff
Pre-concentration method could reduce Sikaman costs
A 3-year extension was recently given to Sikaman Gold (TSE) on its option to bring the Snow Lake tailings project into production after tests showed that an alternative pre-concentration method could …
Unlisted Trading (November 18, 1991)
The results of a bulk-sampling program on Swansea Gold Mines placer property near Wisdom, Mont., indicate that the gold-bearing material has an average recovery of 0.055 oz. gold per cu. yd. The resul…
Cambior reports higher gold output
Higher output was reported by Cambior (TSE) for the third quarter of 1991 but net earnings decreased. The gold producer attributed the earnings dip to a large drop in the net selling price for gold du…
Tantalus earning Jamaican interests
In what may be the start of an area play, Tantalus Resources (VSE) has reached an agreement in principle with a subsidiary of Citadel Gold Mines (TSE) to acquire a 100% interest in that company’s pros…
Westar reports more losses
An increase in the value of the Canadian dollar as well as a drop in coal shipments and price pushed Westar Mining (TSE) into a loss position. The company reports a loss of $1.6 million in the third q…
Black Cliff plans feasibility study
A feasibility study will be performed on two properties in Chile by Fluor Daniel Wright Engineers, Black Cliff Mines (TSE) reports. The study on the Los Loros and Los Carrera properties in the South A…
PROFILE (November 18, 1991)
Discouraged by Maine’s cumbersome permitting processes, mining companies have shunned the state for more than a decade. On July 31 when Maine replaced the various sets of regulations with a single leg…
Toronto Stock Exchange (November 18, 1991)
A big drop in interest rates brought absentee investors back into the equity markets during the week ended Nov. 12 and sent share prices shooting upward. Although interest-sensitive financial and util…
VSM, Serem test structure
A follow-up 500-metre drilling program has been initiated by VSM Exploration (ME) and Serem Quebec to test the lateral and depth extensions of a gold-bearing structure recently uncovered at the Gand D…
Vancouver Stock Exchange (November 18, 1991)
Trading activity on the VSE appeared somewhat volatile during the report period ended at noon today, Nov. 13, with both the composite and resource indices losing ground. A sell-off in some speculative…
METAL PRICES (November 18, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 12 Nov 11 Nov 8 Nov 7 Nov 6 Copper 1329-1330 1333-1344 1343-1345 1339-1340 1345-…